Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

DeFi

 DEFI is short for Decentralized Finance - and refers to the whole of the decentralized financial ecosystem currently under development.

Other Important Terms

BlockChain Explorer

Blockchain explorer provides block, transaction, and address data for different cryptocurrencies like bitcoin, ethereum and litecoin. 

Decentralized Autonomous Organizations

DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an organisation that runs automatically on itself without any human interventions. The work is automatically excecuted through Smart contracts.

Off-Chain

Off-chain transactions occur “off” the blockchain network. Since these are not broadcast across the blockchain, they are low/zero-cost transactions.

On-Chain

On-chain  transactions are crypto transactions that occur on the Ethereum blockchain. These are subject to gas fees. 

Bitcoin

Bitcoin is a digital or virtual cryptocurrency created in 2009 that uses peer-to-peer technology to facilitate instant payments.

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